Snow Motor Vehicle Market in Algeria
Market Overview
The Algerian snow motor vehicle market declined dramatically to $
in , reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a abrupt downturn. Over the period under review, the market reached the peak level at $ in 2007; however, from 2008 to , consumption remained at a lower figure.
in , reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a abrupt downturn. Over the period under review, the market reached the peak level at $ in 2007; however, from 2008 to , consumption remained at a lower figure.Consumption
In , snow motor vehicle consumption in Algeria reduced remarkably to units, which is down by -% compared with the previous year. Over the period under review, consumption saw a deep downturn. Over the period under review, consumption reached the maximum volume at units in 2007; however, from 2008 to , consumption remained at a lower figure.
The revenue of the snow motor vehicle market in Algeria dropped notably to $ in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption faced a abrupt curtailment. Snow motor vehicle consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.
, snow motor vehicle consumption in Algeria reduced remarkably to units, which is down by -% compared with the previous year. Over the period under review, consumption saw a deep downturn. Over the period under review, consumption reached the maximum volume at units in 2007; however, from 2008 to , consumption remained at a lower figure.The revenue of the snow motor vehicle market in Algeria dropped notably to $
in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption faced a abrupt curtailment. Snow motor vehicle consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for snow motor vehicle in Algeria, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to units by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to units by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Snow motor vehicle market in Algeria consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Algeria relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
Trade Balance
Algeria remains a net importer of snow motor vehicle; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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